The countdown is on as North Carolina gears up for the much-anticipated launch of online sports betting.
Best part? It's just under two weeks to go!
With that, the North Carolina State Lottery Commission, a well-known regulator, has given the green light to as many as 8 operators, signaling a major step forward in the state's gambling scene.
Come March 11, North Carolina will witness the launch of online sports betting, marking a pivotal moment in the state's gambling history. This milestone was made possible by the enactment of House Bill 347, signed into law by Governor Roy Cooper last year.
Are you ready for another revolution in the industry?
A Diverse Array of Operators
The lineup of approved operators includes industry heavyweights, which will give players from this state the opportunity to check out amazing and diverse offerings.
This includes FanDuel and DraftKings, alongside prominent names like Bet365, BetMGM, ESPN Bet, and the rising star, Underdog. Each operator brings its unique expertise and offerings to the table, promising an exciting and diverse betting experience for players.
To gain entry into the North Carolina market, approved brands had to forge strategic partnerships with local sports entities.
As a result, DraftKings partnered with Nascar, while BetMGM joined forces with the Charlotte Motor Speedway. These collaborations highlight the importance of fostering strong relationships within the local community.
Caesars Entertainment, known for its innovative ventures, secured a tribal cooperation with the Eastern Band of Cherokee Indians (EBCI). Although awaiting final approval, Caesars' partnership shows its desire to expand its reach and offer unique gaming experiences to players in North Carolina.
Preparation and Responsibility
As the launch date approaches, operators are gearing up for registration and deposit openings on March 1. Meanwhile, the Commission has implemented proactive measures to promote responsible gambling, including a voluntary self-exclusion program aimed at safeguarding players.
With tax rates set at 18% of gross gaming revenue, online sports betting in North Carolina is expected to generate substantial revenue for the state. This revenue will contribute to vital public services and infrastructure projects, benefiting communities across the state.
As the countdown to launch day begins, anticipation and excitement are palpable among operators and players alike. The launch of online sports betting represents a new chapter in North Carolina's gambling landscape, offering an unprecedented level of accessibility and excitement for sports fans across the state.
Source:
''North Carolina issues eight online sports betting licences ahead of launch'', igamingbusiness.com, March 01, 2024.
Dzile 8 months ago Moderator
Excitement builds as North Carolina gears up for online sports betting on March 11. Eight licenses granted to top operators like FanDuel and DraftKings promise a dynamic and competitive market.
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Bixy 8 months ago Moderator
8 online bookmakers licensed is a great number and awesome news for sport fans in North Carolina for the beginning. I do understand their excitement, have fun and enjoy :)
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Cornetthecat 8 months ago Jr. Member
That's great for the folks who live in North Carolina! I wonder when the sunny state of California will be added to the list of places where we can do officially state sanctioned punting. The tribes are powerful here so I am not exactly holding My breath.
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tough_nut 8 months ago Moderator
North Carolina enters the online sports betting arena with a balanced framework that seeks to benefit both operators and the state. Notably, the inclusion of the Tribal Gaming Casino Enterprise, an enterprise of the Eastern Band of Cherokee Indians, adds a unique dimension to NC's sports betting landscape.
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Cinderella 8 months ago Hero Member
Good times ahead. iGaming is evolving so fast. With new brands available, players will be more than happy to join this kind of entertainment.
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